Luxembourg: Plant-Growth Regulators Market 2022

Plant-Growth Regulators Market Size in Luxembourg

For the fourth year in a row, the Luxembourg plant-growth regulators market recorded growth in sales value, which increased by 7.1% to $X in 2021. Over the period under review, consumption showed a noticeable increase. Plant-growth regulators consumption peaked in 2021 and is expected to retain growth in the near future.

Plant-Growth Regulators Exports

Exports from Luxembourg

In 2021, after three years of decline, there was growth in shipments abroad of plant-growth regulators, when their volume increased by 0.9% to X tons. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plant-growth regulators exports declined to $X in 2021. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 17%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for plant-growth regulators exports from Luxembourg, accounting for a 78% share of total exports. Moreover, plant-growth regulators exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.3% per year) and France (-33.9% per year).

In value terms, Germany ($X) remains the key foreign market for plant-growth regulators exports from Luxembourg, comprising 79% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.4% per year) and France (-34.4% per year).

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2021, falling by -6.6% against the previous year. Overall, the export price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.7%), while the prices for the other major destinations experienced a decline.

Plant-Growth Regulators Imports

Imports into Luxembourg

In 2021, overseas purchases of plant-growth regulators increased by 14% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plant-growth regulators imports stood at $X in 2021. Overall, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of plant-growth regulators imports to Luxembourg, together accounting for 100% of total imports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +7.7%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest plant-growth regulators suppliers to Luxembourg, with a combined 99% share of total imports.

Germany, with a CAGR of +1.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average plant-growth regulators import price amounted to $X per ton, waning by -12.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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